Chapter 14 Homework 1 Exercise 14A-2 (Algo) Basic Present Value Concepts (L014-7) 0.83 pos Julle has just retired. Her company's retirement program has two options as to how retirement benefits can be received. Under the first option, Julle would receive a lump sum of $127,000 immediately as her full retirement benefit. Under the second option, she would receive $14,000 each year for 10 years plus a lump sum payment of $53.000 at the end of the 10-year period. Click here to view Exhibit 140-1 and Exhibit 148-2. to determine the appropriate discount factors) using tables Required: 1a. Calculate the present value for the following assuming that the money can be invested at 11% 1b. she can Invest money at 11%, which option would you recommend that she accept? Complete this question by entering your answers in the tabe below. tega 10 Cicle the cent value for the following suming that the money can be invested 119. (Hound your final answer to the nearest whole doll amount Cat Option Pro 127,000 les >